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In a 12-week proof-of-concept pilot, the New York Fed and a group of major banks begin testing using digital tokens to improve transaction settlements (Jamie Crawley/CoinDesk)

Photo of Grace Will Grace Will November 15, 2022
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Jamie Crawley / CoinDesk:

In a 12-week proof-of-concept pilot, the New York Fed and a group of major banks begin testing using digital tokens to improve transaction settlements  —  Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.  —  A group of major banks …



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